The New York Shipping Exchange (Nyshex), a platform that connects shippers with ocean carriers, today announced that it raised $25 million in a Series B funding round led by Collate Capital with participation from Blumberg Capital, Goldman Sachs, and NewRoad Capital. The infusion brings the company’s total raised to $69 million, which CEO Gordon Downes says will be put toward expanding Nyshex’s service to support all types of ocean freight contracts.

Read the full article here.